Poker

Rakeback and the poker rake

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Every decent player knows that the impact the poker rake has on his overall performance at the online poker table can be a potentially devastating one. Good players also know that the best way to combat the hidden pitfall known as the poker rake is though rakeback deals or poker propping.  

If you don’t know what rakeback is, don’t tell anyone: you’ll immediately give away your fish status. Instead, check out a website like www.best-poker-rakeback.net and read up on the matter. Educate yourself and become a better player through knowledge. There’s nothing particularly intricate about poker rakeback, and to understand how it works and what it does for you shouldn’t take more than about half an hour of your time. Rake rebate is based on the same fundamentals on which sign-up bonuses are. The only – though quite significant – difference is that rakeback and poker prop deals never expire: they’re basically for life. If you sign up with a poker room and you are given 30% rakeback, you’ll collect 30% rakeback at that site for as long as you play. Your deal is only voided if the site happens to go out of business. What exactly is the poker rake though? After all, the lauded rakeback I’m talking about is a percentage of it. Online poker rooms rake a certain percentage (3-5%) off every pot. That’s how they generate revenue. The poker rake is the fee they take for providing players with the facilities needed to take on other online players. Poker rooms often hire poker props as well (to whom they pay large – often over 100%) rakeback percentages. All that costs money obviously and poker rooms also need to pay their employees, support personnel etc…

The algorithms used for poker rake calculus differ from one online poker room to another. Some poker rooms use the dealt rake method, others use the contributed rake method and some use the weighted contributed rake method.

The dealt rake method awards rake contribution (and thus rakeback as well) to all those who are dealt into a hand. Players do not even have to commit chips into the pot in order to earn rakeback in poker rooms which use this method. Does this mean that the dealt rake method offers an advantage to tight and passive players? That’s a bit more complicated than that and I’ll do into details on it in a different article. Full Tilt Poker is one of the poker rooms which use the dealt rake method.

The contributed rake method only grants rake contribution (and thus rakeback) to those who actually put chips into the pot, whether they do it voluntarily (through a voluntary bet) or not (through one of the blinds). Those who stay on the sidelines do not earn rakeback in such poker rooms. Those who do commit chips though, get the resulting rake contribution divided amongst them equally.

The weighted contributed rake method is mathematically the most accurate rake calculus method. In poker rooms which use this algo, only contributors earn credit for the resulting rake. The rake contribution is no longer divided equally though. Those who contribute more are credited for a larger percentage of the resulting rake. Those who contribute less, log less rake contribution and end up earning less rakeback too.